Suspected of fraudGrandRock FX
1Year
Basic Information
Country
AmericaMarket Type
foreign exchangeEnterprise Type
BrokerageService
Provide trading services for a variety of financial products such as foreign exchange (Forex), contracts for difference (CFD), stocks, commodities, indices, etc.Support Languages
Chinese, EnglishDomain Registration Date
2024-09-18Business Status
Suspected of fraudCompany IntroductionWeb Analytics
Company Introduction
GrandRock FX claims to be an international broker providing forex, contracts for difference (CFD), and cryptocurrency trading services. Headquartered in London, UK, it offers a diverse product range, including forex currency pairs, indices, precious metals, and energy trading, to clients worldwide. However, upon verification, the company is not listed on the registers of the UK Financial Conduct Authority (FCA) or other major regulators, and its website does not disclose any valid regulatory license numbers or company registration information. This type of "fake compliance" is common among fraudulent forex platforms.
The website is filled with marketing slogans like "top-tier liquidity," "institutional-grade trading environment," and "globally trusted," but lacks any substantive supporting information. Its corporate background, fund custody mechanism, and partner banks are not publicly disclosed. This opaque business structure poses significant financial risks to investors. Compared to established, regulated brokers, GrandRock FX lacks brand credibility, operational transparency, and regulatory compliance.
🌐Global layout and brand background
GrandRock FX claims on its official website to have a "global business network." However, domain name searches and company records reveal that the website's domain name was registered very recently, the registrant's information is completely hidden, and the server is hosted overseas by an anonymous hosting provider. The company has not provided any real office addresses or branch offices, and its team members or operating entities cannot be identified. This highly secretive registration method is often used to evade regulation and accountability, particularly by short-term profit-making platforms.
Furthermore, the brand name bears a striking resemblance to several previously exposed, suspicious brokers, such as RockTradeFX and GrandMarketsFX, suggesting the same fraudulent group is repeatedly changing the brand name to evade reporting and closure. For ordinary investors, the so-called "global presence" is nothing more than a fabricated marketing scheme.
💹Trading products and services
GrandRock FX claims to offer a diverse range of trading products, including forex currency pairs, indices, precious metals, energy, and cryptocurrency CFDs. It also boasts "spreads as low as zero" and "leverage up to 1:1000." However, these conditions are highly inconsistent with standard regulatory requirements and lack any third-party trading data verification. Most regulated platforms typically limit leverage to between 1:30 and 1:100 to mitigate risk. GrandRock FX's exaggerated trading conditions are clearly intended to attract high-risk investors rather than provide a reliable and reliable trading environment.
Furthermore, the "trading account" description provided on its website is vague, lacking clear information on key parameters such as transaction fees, slippage ranges, and minimum trading volumes. This lack of transparency in product presentation means that investors completely lose control over their risk after depositing funds, allowing the platform to arbitrarily change trading rules and manipulate trading results.
💻Trading technology and platform experience
The platform claims to support the MetaTrader 5 (MT5) trading system, but the broker's name does not appear on MetaQuotes' official authorized list. The download link leads to an unofficial client version, which carries the risk of malware or data tampering. Furthermore, the web-based trading terminal suffers from latency and non-real-time price updates. Some users report that trading charts freeze or display "disconnect and reconnect" prompts, which typically indicate that the underlying data is not derived from the real market but rather a fabricated quote source.
More seriously, some users reported that their accounts were locked, their trading histories were cleared, or they were unable to log in after making profitable trades. These situations often occur in fake trading environments, indicating that GrandRock FX is most likely not connected to the real liquid market, but is instead simulating trades through its internal system to defraud investors of their funds.
🛡️Regulatory compliance and fund security
GrandRock FX's website claims to be "internationally regulated," but neither the specific agency nor a verifiable regulatory number is specified. Verification has revealed that the company is not authorized by the UK's FCA, Australia's ASIC, Cyprus' CySEC, South Africa's FSCA, or any other major regulatory bodies. This means that its so-called compliance claims are completely unreliable, and investors' funds lack any legal protection.
The website does not mention whether customer funds are segregated or held, nor does it disclose the names of partner banks or auditing agencies. All deposit channels rely on third-party payment links or cryptocurrency transfers, making it impossible to track or recover funds once they are withdrawn. This lack of fund segregation and regulatory auditing is a hallmark of high-risk fraudulent platforms.
⚡Trading conditions and experience
GrandRock FX used "zero spreads, high leverage, and instant execution" as its main selling points, claiming a minimum deposit of only $100, to attract retail investors. However, many users reported experiencing severe slippage, forced liquidations, and delayed backend execution. Some users, after their accounts had generated profits, had their accounts frozen or withdrawals denied due to reasons such as "abnormal trading" and "market volatility risk."
Furthermore, the platform's promotional terms for "welcome bonuses" and "trading rebates" are vague. Once users use the bonus funds for trading, withdrawals will be denied by the platform due to "violation of the promotional terms." This practice is considered a typical scam in the industry: luring users into depositing funds and then refusing withdrawals.
🎓Customer support and value-added services
Although GrandRock FX claims to offer "24-hour multilingual customer support," in reality, the platform's online customer service mostly relies on automated response systems, making email and phone calls difficult to reach. Some complainants stated that after withdrawals were blocked, they tried to contact the platform's customer service, but were asked to "pay an account verification fee" or "upgrade their account level" to unlock their funds. This behavior clearly violates international financial services practices.
Its so-called "Educational Resource Center" contains only a few articles on basic market knowledge, lacking any original analysis or expert research, and is largely a disguised attempt to bolster the website's credibility. Overall, GrandRock FX has made little substantial investment in customer service and value-added content, primarily focusing on attracting first-time investors.
⚠️Risk Warning and Platform Positioning
Through multiple verifications and user feedback, it has been confirmed that GrandRock FX has the following high-risk characteristics:
No regulatory license, no legal authorization;
Domain name registration time is short and information is hidden;
The platform's quotes are not transparent and withdrawals are blocked;
Inducing deposits with high leverage and false returns;
Lack of customer service and refusal to communicate after sales.
These characteristics are typical of Ponzi schemes and fake forex brokers. Once investors deposit funds, it is extremely difficult to recover them. Investors are advised to verify the regulatory agency number and verify authenticity through official databases when choosing a trading platform. Avoid unregulated trading promises of high returns.
🔍Comprehensive analysis and evaluation
Overall, GrandRock FX lacks genuine regulatory approval, raising serious questions about its brand background, trading environment, and fund security. The platform's website design leans more towards marketing than genuine financial services. Based on external complaints and domain name information, the platform is likely a short-term fraudulent forex operation designed to attract user deposits and then deny withdrawals.
BrokerHiveX's risk management ratings categorize GrandRock FX as a high-risk or potentially scam broker . Investors who have already deposited funds with the platform should immediately cease trading, save transfer receipts, and report any losses to financial regulators or anti-fraud agencies.
Selected Enterprise Evaluation
1.33
Total 3 commentsGrandRock FX looks like another unregulated broker that hides behind false claims of “global regulation.” The lack of transparency about its company registration and payment structure is alarming. Multiple users have reported withdrawal issues and sudden account freezes — classic signs of a scam operation.
Reply
The platform design appears professional, but don’t be fooled — there’s no real proof of regulation or liquidity providers. GrandRock FX offers unrealistic leverage and bonuses that only trap investors. It’s a high-risk platform that serious traders should stay far away from.
Reply
This is a crypto fraud. Any gains you claim to have made are fake. Please don't make the same mistake as I did by interacting with them. They do not approve withdrawal. I've gone round and round; there's always another reason to take more money from me. I had to file a report with Roberts Lee Recovery Firms ( roberts'lee'618'@'gmail'com ) , and they were able to reclaim my funds when everything appeared lost. ( + 1 856 549 7469 )
Reply
~ There's nothing more ~
About GrandRock FX's questions
Ask:Is GrandRock FX regulated by any financial regulator?
Answer:GrandRock FX has been verified to be unregulated by the UK's FCA, Australia's ASIC, Cyprus' CySEC, or any other major financial regulator. Its website's claim of "global regulatory compliance" is not supported by any specific numbers or public documentation, and is therefore a false advertisement. This lack of regulation means the platform is not subject to any legal constraints, making it difficult to recover investor funds through official channels if they are misappropriated or frozen. Therefore, it should be considered a high-risk platform or a potential scam.
Ask:Is it safe to trade or withdraw funds at GrandRock FX?
Answer:According to multiple user reports, GrandRock FX has serious withdrawal issues. Investors can often trade normally after depositing funds, but once their accounts show profits, the platform denies withdrawals, citing "risk review," "account verification," or "terms violations." Some users have even reported having their accounts forcibly frozen or their balances wiped out. This practice is common in fraudulent platforms, indicating that funds are not held in escrow but are instead transferred directly into the platform's internal accounts.
Ask:Is the trading platform provided by GrandRock FX authentic and reliable?
Answer:The company claims to use the MetaTrader 5 trading system, but its brokerage name does not appear on MetaQuotes' official authorized list. Some users download trading software from third-party links, posing the risk of fraudulent market conditions or back-end data tampering. Inspection results indicate that GrandRock FX's trading environment is likely a "fake simulation," meaning that price fluctuations and profit and loss results can be arbitrarily manipulated by the backend. Investors in this environment are not participating in real market transactions, but are instead passively exposed to the risk of platform manipulation.